IN RE FAIRFIELD SENTRY LTD.

Bankruptcy No. 10-13164 (BRL). Adversary No. 10-03496.

452 B.R. 64 (2011)

In re FAIRFIELD SENTRY LIMITED, et al., Debtors in Foreign Proceedings. Fairfield Sentry Limited, et al., (In Liquidation), acting by and through the Foreign Representatives thereof, Plaintiffs, v. Theodoor GGC Amsterdam, et al., Defendants.

United States Bankruptcy Court, S.D. New York.

May 23, 2011.


Attorney(s) appearing for the Case

Brown Rudnick LLP, By: David J. Molton, May Orenstein, Daniel Saval, Kerry L. Quinn, New York, NY, for the Foreign Representatives.

Cleary Gottlieb Steen & Hamilton LLP, By: Thomas J. Moloney, New York, NY, for HSBC Private Bank (Suisse) SA, HSBC Securities Services (Luxembourg) SA, HSBC Bank USA NA (sued here as HSBC Bank USA), HSBC Private Bank (C.I.) Limited (sued here as HSBC Private Bank (Guernsey) Ltd), HSBC Private Banking Nominee 1 (Jersey) Limited (sued here as FS/HSBC Private Banking Nom), Robinson & Co., Caceis Bank Luxembourg, CDC IXIS, Citibank NA London, Citibank (Switzerland) AG, Citigroup, Citivic Nominees Limited, BNP Paribas Securities Services Luxembourg, BGL BNP Paribas (sued here as BNP Paribas Luxembourg SA), BNP Paribas (Suisse) SA, BNP Paribas (Suisse) SA Ex Fortis, & BNP Paribas (Suisse) SA Private.

Sullivan & Cromwell LLP, By: Robinson B. Lacy, Jeffrey T. Scott, Joshua Fritsch, Yavar Bathaee, New York, NY, for Defendant Safra National Bank of New York and Banque Safra-Luxembourg.


MEMORANDUM DECISION AND ORDER DENYING DEFENDANTS' MOTIONS FOR REMAND OR ABSTENTION

BURTON R. LIFLAND, Bankruptcy Judge.

Before the Court are the motions (the "Remand Motions") filed by certain defendants (the "Movants") in 42 of the 209 above-referenced administratively consolidated adversary proceedings (the "Actions")2 currently pending before this Court in connection with the above-referenced chapter 15 cases of Fairfield...

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